TPG (TPG) to Release Earnings on Tuesday

TPG (NASDAQ:TPGGet Rating) will release its earnings data before the market opens on Tuesday, August 9th. Analysts expect TPG to post earnings of $0.37 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

TPG (NASDAQ:TPGGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $273.01 million for the quarter, compared to analysts’ expectations of $286.73 million. On average, analysts expect TPG to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TPG Trading Down 0.8 %

NASDAQ TPG opened at $28.30 on Tuesday. TPG has a 1 year low of $23.09 and a 1 year high of $35.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50 day moving average price of $26.23.

TPG Announces Dividend

The company also recently announced a — dividend, which was paid on Friday, June 3rd. Shareholders of record on Friday, May 20th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, May 19th.

Wall Street Analyst Weigh In

Several research firms have issued reports on TPG. Wells Fargo & Company lowered their target price on shares of TPG from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 13th. Citigroup lowered their target price on shares of TPG from $32.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of TPG from $42.00 to $39.00 in a report on Wednesday, July 13th. JMP Securities assumed coverage on shares of TPG in a report on Wednesday, June 8th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of TPG from $36.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.71.

Hedge Funds Weigh In On TPG

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors bought a new position in shares of TPG during the 1st quarter valued at $114,248,000. Capital Research Global Investors bought a new position in shares of TPG during the 1st quarter valued at $114,229,000. Vanguard Group Inc. bought a new position in shares of TPG during the 1st quarter valued at $89,216,000. Goldman Sachs Group Inc. bought a new position in shares of TPG during the 1st quarter valued at $30,620,000. Finally, BlackRock Inc. bought a new position in shares of TPG during the 1st quarter valued at $14,585,000. Institutional investors own 3.75% of the company’s stock.

TPG Company Profile

(Get Rating)

TPG Inc operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.

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